Technology
Celo aims to remove the barriers for large-scale adoption of cryptocurrencies as means-of-payment. The first application launching on our platform is a social payments and money transfer app, aimed at developing markets.
Mobile-First Currencies
Celo makes sending payments as easy as sending a text, to anyone anywhere. Celo maps phone numbers to wallet addresses using a novel decentralized address-based encryption algorithm. Mobile participants can earn rewards for securing and maintaining the system.
Stable Cryptocurrency, Backed by a Reserve
Celo has stable tokens pegged to fiat currencies, like the US Dollar, to minimize volatility. Tokens in circulation are backed by a diversified, overcollateralized, and publicly auditable crypto-asset reserve.
Secure, Proven Platform
Celo’s core technology is based on the same proven distributed ledger technology that powers Bitcoin and Ethereum and allows for the issuance of efficient digital currencies that are secure, immutable, non-counterfeitable and interoperable.
For more information about our technology, please see our whitepaper.
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Nothing herein constitutes an offer to sell, or the solicitation of an offer to buy, any securities or tokens.
© 2018 Celo